Theoretically, what is the highest possible Herfindahl Index?
A. 100
B. 1,000
C. 10,000
D. 100,000
C. 10,000
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Which of the following is the most important advantage of using money rather than relying exclusively on barter?
A) The use of money encourages people to diversify and learn to do more things for themselves. B) The use of money encourages people who want to exchange to become more closely acquainted. C) The use of money lowers the cost of locating people with whom to exchange. D) The use of money reduces opportunities for fraud and theft. E) The use of money reduces selfishness because money in itself has no value.
Which of the following banned most proprietary trading by commercial banks?
A) Consumer financial Protection Bureau B) Regulation Q C) Greenspan rule D) Volcker rule
If a drug company creates a new drug designed to treat common seasonal allergies is approved by the U.S. Food and Drug Association (FDA), which means the drug can be marketed and sold in the U.S., the approval by the FDA is an example of ________.
A) a trademark B) screening C) self-revelation D) a certification
Tom was out shopping for a sweater and learned that they will all go on sale tomorrow. We would expect Tom's demand for sweaters today to:
A. increase. B. shift to the left. C. move down along his demand curve. D. shift to the right.